Former Apple Executive Fined and imprisoned.

[WelshDdraig]

Original Article Here: http://www.overclock3d.net/articles/misc_hardware/former_apple_exec_imprisoned_for_selling_secrets/1

 

A former Apple executive has been found guilty of selling company information and has been jailed for 1 year and fined $4.5 Million.

Paul S Devine pleaded guilty 3 years ago (2011) for the following offences:

• Conspiracy
• Fraud
• Money laundering

Mr Devine was a Global Supply Manager from 2005 up until his arrest (2010). He sold the secrets to Apples manufacturers and suppliers, most of which are located in the South Asia area, notably China, South Korea, Singapore and Taiwan, who then used the secrets to negotiate better deals, while the scheme funnelled millions back to Mr Devine from the suppliers.

 

Even though the Former Executive pleaded guilty 3 years ago, it has only now been addressed by the courts to settle on an ideal punishment. By pleading guilty, Mr Devine managed to escape from a 20 year sentence 

 

Mr Devine was sentenced at San Jose Federal Court on Friday the 5th of December 2014.

 

My thoughts.

He is one lucky person in one respect. He has managed to escape a 20 year sentence (although, lets be honest, he probably would have only served a portion of that) and having to serve only a one year sentence. Slightly less lucky due to the Almost $5 Million he would have to pay, I am assuming, to Apple for the damages caused. 

 

Your Thoughts, please leave them down below.

 

[Mr.Reggin]

Apple is so expensive anways and i dont care about them. I am happy that he didnt get too many years in jail 

[XzzDSA]

Not sure what to think about it, and not sure how much money he might have "earned" through this... From a 20 year sentence to a 4.5 million dollar fine... It's a lot of money, but somehow I believe that he have earned several times that during these years... For big companies like apple, and the manufactures they partner with, 4.5m$ are not a lot of money.


I don't really know what to think. 20 years seems waay overkill - 4.5m$ is a lot, but again - not sure if it is a fair judgement.

 

Sad it took 3 years though...

[SeanAngelo]

all i can say is thats is a dead siri-ous offence.

 

c wat i did there

[RH00D]

I've never understood why people with jobs that most would kill for, go off and do things like this. He's essentially screwed himself out of working for any corporation ever again, even if he didn't get the jail time and fine. Not to mention, I'm pretty sure the money laundering and fraud charges on this scale count as felonies, which will impose some pretty harsh restrictions on his life.